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Corvex MOVE Q2 2026 earnings

Reported August 14, 2026 · After market close

Revenue$3.8MMiss by $2.9M
EPS-$5.12Miss by $1.95
Revenue estimate$6.7M
EPS estimate-$3.17
Q2 is our first full reporting period with the AI infrastructure business, and reported revenue reflects when contracted capacity becomes live and is accepted by customers. We recognized $3.8 million of revenue in the quarter, while contracted annualized recurring revenue on live compute is approximately $22 million as of today. We spent the quarter focused on the inputs that drive the next stage of growth: securing power, hardware, capital and creditworthy customers, and on bringing them together quickly while maintaining disciplined project-level underwriting. At the same time, Corvex Token Factory is now live in closed alpha, and we have strengthened our operating, financing and governance bench as we scale.
Jay Crystal

Next report

Nov 13, 2026 (in 2 months)
Revenue estimate$5.5M
EPS estimate-$0.09

Financials

Q2 2026

Income statement

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Revenue$3.8M+3,590%
Operating income-$15.2M-367%
Net income-$12.8M-296%
EPS (diluted)-$5.12-67.9%

Balance sheet

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Cash & equivalents$21.7M+6,633%
Total debt$21.4M+3,193%
Total equity$573.3M+34,918%
Total assets$599.3M+10,489%

Cash flow

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Operating cash flow-$5.3M-70.3%
CapEx$243.0K
Free cash flow-$5.5M

Valuation & ratios

Valuation

as of 09/18/26
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Market cap$21.81M+326%
Enterprise value$21.5M+295%
P/S4.9×-6.0×

Profitability

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Operating margin-610.3%-282pp
Net margin-623.5%-287pp

Returns & leverage

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Return on equity-9.6%-4.7pp
Debt / equity-0.4×
Current ratio1.8×+0.5×

Segments

By product

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Revenue AI Platform And Services$3.8M

FAQ

When did Corvex report Q2 2026 earnings?
Corvex (MOVE) reported Q2 2026 earnings on August 14, 2026 after market close.
What were Corvex's Q2 2026 revenue and EPS?
Corvex reported revenue of $3.8M and eps of $-5.12 for Q2 2026.
Did Corvex beat estimates in Q2 2026?
Revenue missed the consensus estimate of $6.7M by $2.9M. EPS missed the consensus estimate of $-3.17 by $1.95.
How did Corvex's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3590.3% from $103.0K a year earlier and eps grew 29.9% from $-7.30.
Where can I find Corvex's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001213900-26-090115) and the 10-Q periodic report (0001213900-26-090091) directly on SEC EDGAR. The filing index links above go to sec.gov.